Hi. I got it regression as well and OFF co. I was really shocked! I believe I could answer the regression part and the profit. And R square was about 3% , I’m not sure if it was correct or no, but I followed the formula.
I calculated like this: revenue 30,000*16 Cost 30,000*11.25*1.1 ( this is for government cost) And then profit. Lastly I explained they should consider profit, ethical attitudes and shortage of workers in increasing the wages. For limitations of regression analysis, I explained thee could be other factors which might affect. So, I’m not sure how will they mark!